Property News · July 16, 2019

Demand for Hong Kong’s luxury homes slips as trade war, threat of extradition bill rattle wealthy investors


The double whammy of the US-China trade war and the threat of a controversial extradition bill that led to weeks of mass rallies in Hong Kong has hit demand for the city’s ultra-luxury homes, new figures show.Property consultancy Savills said enquiries about homes priced between HK$40,000 (US$5,111) and HK$100,000 per square foot fell in the second quarter of the year, leading to a 1.5 per cent slide in prices of town houses, whose size typically ranges from 2,000 to 4,000 square feet.It was…

Source : South China Morning Post
Read more…Demand for Hong Kong’s luxury homes slips as trade war, threat of extradition bill rattle wealthy investors

You may also like...